CommerceHub (CHUBA) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of CommerceHub (NASDAQ:CHUBA) from a hold rating to a sell rating in a research note released on Wednesday morning.

According to Zacks, “CommerceHub, Inc. provides distributed commerce network which connecting supply, demand and delivery for retailers and brands. CommerceHub, Inc. is headquartered in Albany, United States. “

CHUBA has been the topic of several other reports. BidaskClub cut CommerceHub from a buy rating to a hold rating in a research report on Wednesday, December 27th. Northland Securities initiated coverage on CommerceHub in a research report on Thursday, December 28th. They issued an outperform rating and a $28.00 price objective on the stock. Oppenheimer initiated coverage on CommerceHub in a research report on Friday, December 22nd. They issued a market perform rating on the stock. DA Davidson initiated coverage on CommerceHub in a research report on Friday, September 22nd. They issued a buy rating and a $27.00 price objective on the stock. Finally, CIBC initiated coverage on CommerceHub in a research report on Friday, December 22nd. They issued a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. CommerceHub has a consensus rating of Hold and a consensus target price of $26.17.

Shares of CommerceHub (NASDAQ:CHUBA) opened at $21.44 on Wednesday. CommerceHub has a 12-month low of $13.74 and a 12-month high of $24.53. The company has a market capitalization of $928.67 and a P/E ratio of 71.47.

Large investors have recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new stake in shares of CommerceHub in the 2nd quarter worth $137,000. Hosking Partners LLP purchased a new stake in shares of CommerceHub in the 3rd quarter worth $217,000. Diligent Investors LLC purchased a new stake in shares of CommerceHub in the 3rd quarter worth $223,000. New York State Common Retirement Fund purchased a new stake in shares of CommerceHub in the 2nd quarter worth $256,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of CommerceHub in the 2nd quarter worth $269,000. Hedge funds and other institutional investors own 28.98% of the company’s stock.

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CommerceHub Company Profile

CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.

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